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  "documentTitle": "Nevro Corp. (NVRO)",
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  "authorName": "Kir Kahlon",
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  "notes": "The slide uses expert testimony to undermine the credibility of the CEO and the company's growth prospects.",
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      "text": "I know for a fact, on the inside, Grossman has said he's scratching his head over why the stock has done what it's done.",
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      "text": "Grossman doesn’t understand the SCS market and his previous Thoratec experience is irrelevant",
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      "text": "Grossman may be skeptical of the sharp rise in Nevro’s stock, with the >2x overvaluation making it difficult to sell the company",
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      "text": "Nevro’s market share is not changing and company’s future is questionable",
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      "text": "A longtime C-level executive in the spinal cord stimulation space offered extensive insights into Nevro’s plight. Much like Nevro’s ex-executives, he described Grossman’s “turnaround” as an ongoing failure and current staff as skeptical of “the substance” and confused by the stock.",
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      "text": "I study a leader's history, and I want to know what adversity they've dealt with. Did they pull a company out of the hole against all odds? Grossman's product sold itself at Thoratec. I don't think he has an appreciation for what motivates the spinal cord stimulator customer. When I say customer, I mean the physician, the patient, the nurse, the payer, and the administrator. There are five different customers in this space, and you have to products and services for all five, and if you don't, you are going to not be differentiated.",
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      "text": "I question what their future looks like because if they don't have a strategic initiative that is going to gain them market share, it's going to be just hand-to-hand combat in the spinal cord stimulation space. I don't see the market share shifting a lot.",
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      "text": "I know for a fact, on the inside, Grossman has said he's scratching his head over why the stock has done what it's done. Grossman may have bitten off more than he can chew because at a much lower stock price, let's say at $70, he'd have an easier time selling this thing.",
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      "text": "\"I question what their future looks like because if they don't have a strategic initiative that is going to gain them market share, it's going to be just hand-to-hand combat in the spinal cord stimulation space. I don't see the market share shifting a lot.\" — Longtime SCS executive; \"I don't think he has an appreciation for what motivates the spinal cord stimulator customer.\" — Longtime SCS executive; \"I know for a fact, on the inside, Grossman has said he's scratching his head over why the stock has done what it's done.\" — Longtime SCS executive",
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      "text": "12. Investors betting on a Keith Grossman-driven turnaround will shortly face a rude awakening",
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